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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (32782)11/16/2008 11:23:56 AM
From: Jurgis Bekepuris  Read Replies (2) of 78659
 
ETN -

I took a look at it and there's not much to like.
ROE has gone up in recent years, but ROIC is still below 15%. Net margins below 10%. Debt/equity about 50%. Net tangible assets - negative. Although this is not perhaps a big issue normally, but it may lead to problems in current economic crunch if/when ETN needs to refinance their debt and/or get more financing.

I did not dig very deeply into ETN's numbers, so I may be missing something. But so far, I am not attracted to buy.
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